EASTERN MARKET CORPORATION Charity Report

Public IRS 990 nonprofit record

EASTERN MARKET CORPORATION

EIN 32-0030432 · Food, Agriculture & Nutrition N.E.C. (K99)

What they do

EASTERN MARKET is ORGANIZED to COMBAT COMMUNITY DETERIORATION and to LESSEN THE BURDENS of GOVERNMENT IN MANAGING ITS PUBLIC MARKET THAT HAS SERVED DETROIT SINCE 1891. EASTERN MARKET OPERATES THE MARKET UNDER AN AGREEMENT WITH THE CITY of DETROIT, WHICH OWNS THE FACILITY. EASTERN MARKET HAS DEVELOPED A CAPITAL IMPROVEMENT PLAN and is IMPLEMENTING A SERIES of CAPITAL IMPROVEMENTS to IMPROVE THE MARKETS ABILITY to SERVE AS A FOOD CENTER for DETROIT and AS A CATALYST for ECONOMIC DEVELOPMENT. THE STAKEHOLDERS VISION for THE EASTERN MARKET DISTRICT (THE "MARKET") is to LEVERAGE THE ATTRACTION and LEGACY of THE MARKET, to BUILD A DYNAMIC, DIVERSE, and UNIQUE URBAN DISTRICT, and to STRENGTHEN THE IDENTITY of THE MARKET AS A FOOD-RELATED DISTRICT BY ENHANCING THE OPERATIONS of THE EXISTING PUBLIC MARKET and BY DEVELOPING BUSINESS OPPORTUNITIES for SPECIALTY FOOD RETAILERS, FOOD WHOLESALE OPERATIONS, RESTAURANTS, FOOD DISTRIBUTORS, and FOOD PROCESSORS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

66.96%of revenue went to mission work71.8% of expenses · Program services

7.33%of revenue went to fundraising7.9% of expenses

$93.30spent for every $100 of revenueRevenue covered expenses this year.

19.02%of revenue went to management and office costs20.4% of expenses

$2.28in assets for every $1 spent this yearSome assets cannot be spent right away.

75.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $198,160 for DANIEL CARMODY (CEO (TERM 12/2024)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,796,753

Mission workProgram services$4,550,97666.96% of revenue71.8% of expenses

ManagementOffice and general costs$1,292,44619.02% of revenue20.4% of expenses

FundraisingAsking for donations$498,1787.33% of revenue7.9% of expenses

Revenue left after expensesReported annual surplus$455,1536.70% of revenueShown in gray on the chart

Total expenses$6,341,60093.30% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 71.8% mission · 20.4% management · 7.9% fundraisingTotal expenses: 93.30% of revenue

2023Expense mix: 76.2% mission · 16.0% management · 7.8% fundraisingTotal expenses: 68.14% of revenue

2022Expense mix: 78.4% mission · 15.2% management · 6.4% fundraisingTotal expenses: 123.83% of revenue

2021Expense mix: 78.9% mission · 14.4% management · 6.7% fundraisingTotal expenses: 106.82% of revenue

2020Expense mix: 77.2% mission · 16.2% management · 6.6% fundraisingTotal expenses: 98.81% of revenue

2018Expense mix: 78.9% mission · 14.8% management · 6.3% fundraisingTotal expenses: 72.95% of revenue

2017Expense mix: 79.3% mission · 14.5% management · 6.2% fundraisingTotal expenses: 125.35% of revenue

2016Expense mix: 73.6% mission · 18.9% management · 7.5% fundraisingTotal expenses: 89.17% of revenue

Money in and money out

Revenue$6,796,753

Expenses$6,341,600

Annual surplus $455,153 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,550,976 · 71.8% of expenses

Management and office costs$1,292,446 · 20.4% of expenses

Fundraising$498,178 · 7.9% of expenses

See all reported dollar amounts

Revenue$6,796,753

Expenses$6,341,600

Assets$14,432,831

Income$7,033,418

Contributions$5,142,282

Mission work (program services)$4,550,976

Fundraising$498,178

Grants given$2,437,730

Average grant$348,247

Management and general$1,292,446

Executive compensation (total)$94,902

Accounting fees$178,628

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANIEL CARMODYCEO (TERM 12/2024) · 45 hrs/week $198,160Base $187,090 · Other $11,070

KATHARINE TRUDEAUPRESIDENT · 34 hrs/week $168,952

BRANDON SENGDIRECTOR OF PROGRAMS · 39 hrs/week $128,979

PERCOLA BROOKSDIR. OF ACCOUNTING (TERM 11/2024) · 40 hrs/week $109,984Base $109,734 · Other $250

JAMES SUTHERLANDDIRECTOR OF FACILITIES · 40 hrs/week $106,410Base $105,420 · Other $990

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

DANIEL CARMODYCEO (TERM 12/2024)

KATHARINE TRUDEAUPRESIDENT

BRANDON SENGDIRECTOR OF PROGRAMS

PERCOLA BROOKSDIR. OF ACCOUNTING (TERM 11/2024)

JAMES SUTHERLANDDIRECTOR OF FACILITIES

FRANK GERMACKDIRECTOR

VIOLET GINTSISDIRECTOR

VINCENT SANNASECRETARY

TOSHA TABRONDIRECTOR

RON BRUNDIDGEDIRECTOR

LATISHA JOHNSONDIRECTOR

JONATHAN KUNGDIRECTOR

JOE SPENCERDIRECTOR

JAY BONAHOOMDIRECTOR

FRED DURHALDIRECTOR

ARMOND HARRISDIRECTOR

DREW PATRICKTREASURER

DONALD RENCHERVICE-CHAIR

DARA OBRYNEDIRECTOR

CRYSTAL PERKINSDIRECTOR

CINDY PASKYCHAIR

CHRISTOS MOSIDESDIRECTOR

CARLOS PARISIDIRECTOR

BRITTANY HOSKWICDIRECTOR

BRIAN ELLISONDIRECTOR

BJ BELCOUREDIRECTOR

About this charity

Recognized since: January 2003
Location: 2934 RUSSELL ST, DETROIT, MI 48207-4826
County: Wayne
In care of: % JOSEPJ G KUSPA
Primary officer: KATHARINE TRUDEAU, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(313) 833-9300

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Food, Agriculture & Nutrition N.E.C. (K99)
IRS tax category: Food, Agriculture & Nutrition N.E.C.
Grant-giving organization: Yes